María Gabriela is 66 years old. She sells fast food and popcorn in a car maD. for this. María Gabriela sells her products outsiD. schools.
María Gabriela wants to buy supplies for her business such as bread, flour, meat, sauces, corn, and other items that would enable her to stock the basic items so as to not be worried about not having them whenever sales are very low. With this in mind, María Gabriela could increase her income and in this way better her quality of life, which is fragile due to the health problems she has.
In the future, María Gabriela dreams of having her own restaurant.
La señora María Gabriela a sus 66 años D. edad, se dedica a la venta D. comidas rápidas y críspelas en un carro adecuado para esto. La señora María Gabriela venD. sus productos a las afueras D. los colegios. La señora María Gabriela desea comprar insumos para su negocio tales como panes, harina, carnes, salsas, maíz, entre otros, que le permitan tener abastecimiento D. materia prima con el fin D. no preocuparse por falta D. esta cuando las ventas son muy malas. Con lo anterior, la señora María Gabriela podrá aumentar sus ingresos y D. esta manera mejorar su calidad D. vida, la cual es delicada debido a los problemas D. salud que ella tiene. A futuro, la señora María Gabriela sueña con tener su propio restaurante.
This loan is structured on Kiva as a bullet loan, which means a single payment is required at the end of the loan term. By Colombian law, Kiva's partner Interactuar is required to offer borrowers loans with a variable interest rate that fluctuates with the market rate. Because fixed monthly payments are applied first to interest and then to principal, Interactuar is unable to predict upfront what portion of each repayment would go towards the loan principal. This creates a challenge with Kiva's system, which doesn't allow for unpredictable principal payments, and can result in some Interactuar clients appearing falsely delinquent. To remedy this, the loan has an end-of-term repayment plan on Kiva, but the borrower will continue scheduled monthly repayments to Interactuar, who will then pass along the principal amount to Kiva lenders. This means that you may see repayments made on this loan throughout the repayment term, as opposed to receiving repayment in full at the end of the loan term.